Leading Chinese technology companies have cut more than 130,000 jobs in the past year as rapid AI adoption and restructuring reshape the sector, sparking concerns over workforce impacts.
Paramount’s $110 billion merger with Warner Bros. Discovery faces delays beyond July 22 due to ongoing EU regulatory reviews and a legal challenge from Oregon’s attorney general.
Nexstar asks the Ninth Circuit to narrow a sweeping injunction that halted its merger with Tegna, arguing antitrust concerns apply in only a few local markets.
Levi Strauss reported better-than-expected Q2 earnings driven by robust sales growth and expanded product lines, prompting an upgraded revenue forecast.
Prime Intellect closed a $130 million funding round led by major tech investors, boosting its valuation to $1 billion as it scales its AI training and deployment platform.
Before recent layoffs slashed the studio’s workforce, id Software was exploring original projects including a John Wick-inspired shooter, a Perfect Dark reboot, and a sci-fi Western survival game.
Empower AI has acquired Highlight Technologies to enhance its federal AI, cloud computing, and data modernization services, expanding support for key government agencies.
The National Stock Exchange’s decade-delayed Rs 30,000 crore IPO confronts fresh challenges as regulatory clamps on derivatives trading impact revenue and market share.
Cult.fit’s Draft Red Herring Prospectus details audit concerns, market concentration, and pending litigations that investors must consider ahead of its proposed initial public offering.
Oregon’s Attorney General moves to delay the Paramount and Warner Bros. merger by requesting court intervention over withheld lobbying documents and a 60-day pause on deal closure.
Amazon returns to debt markets with a $25 billion bond offering aimed at funding its expanding artificial intelligence infrastructure and other corporate needs.
IO Interactive reclaimed full rights to Project Fantasy after losing Xbox funding, confirming layoffs and the closure of its Istanbul studio to maintain independence and continue development.